Brickblock - Start Invest Your Cryptocurrency Into Real World Assets

in #blockchain6 years ago

Brickblock is a smart contract platform that allows you to sell and invest in tokenized assets (e.g. real estate) on the blockchain. With Brickblock, you can invest your cryptocurrency into real-world assets.

Brickblock claimed that is the first platform where users can seamlessly invest in real estate funds (REFs), exchange-traded funds (ETFs), passive coin-traded funds (CTF) and active coin managed funds (CMFs) through a streamlined process with the lower costs than traditional investing.

Because this token is work based on Ethereum platform, which is blockchain technology, so many benefit can you get besides you invest on traditional investing. Let me simple it :

If you have some Brickblock tokens, you are the token-holders. If you ever playing on stocks exchange, on this problem, all dividends and coupons are automatically transferred to token-holders through self-executing smart contracts on the Ethereum network called your passive income.

To ensure the safety of the underlying assets represented by the PoA token, a digital trust fund holds the exact same amount of fund shares as tokens issued. This securities account cannot be claimed by Brickblock, the broker or anyone else, and is protected by strict laws regarding trust funds, even in the case of bankruptcy. Only token holders may reclaim their fund shares, at any time, because you are the holder of the tokens.

How do Brickblock tokens (BBK) work?

Brickblock’s ecosystem contains three tokens : 

  1. Brickblock tokens (BBK) -  can be activated to generate Access tokens (ACT) or deactivated and traded on exchanges.  Activated BBK generate Access tokens (ACT), which can be sold for ETH. You only get BBK during the ICO.
  2. Access tokens (ACT) - Brickblock charges a 0.5% fee for every transaction. This fee is paid in Access Tokens (ACT). 1000 ACT = 1 ETH.  Example : A building is fully funded for 20,000 ETH. 100 ETH worth of ACT are automatically generated by activated BBK tokens to pay for the 0.5% fee. The token holders whose tokens generated the ACT will receive a buy order from the smart contract. They can now sell their ACT and receive a payout in ETH. 
  3. Proof-of-Asset tokens (PoA) - Every asset sold through Brickblock’s smart contract platform issues its own unique Proof-of-Asset (PoA) tokens.  Example : A building is sold for 20,000 ETH. The smart contract deploys and issues PoA tokens to investors proportionate to the amount they invested. PoA tokens will produce passive income for whoever holds them, which is periodically paid out in ETH.  PoA tokens can be bought/sold/traded on the Brickblock exchange (soon).

If you have an interest into the Brickblock, you can participate on the ICO, or you can get free from the airdrop program just sign up here and then, you can have a chance to get a total of airdrop worth almost $880.

More info about Brickblock :

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